Atria Wealth Solutions Inc. Increases Stake in Capital Group Municipal Income ETF (NYSEARCA:CGMU)

Atria Wealth Solutions Inc. grew its position in shares of Capital Group Municipal Income ETF (NYSEARCA:CGMU) by 17.3% in the fourth quarter, Holdings Channel reports. The institutional investor owned 223,625 shares of the company’s stock after buying an additional 32,904 shares during the period. Atria Wealth Solutions Inc.’s holdings in Capital Group Municipal Income ETF were worth $6,020,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in CGMU. ORG Partners LLC acquired a new position in shares of Capital Group Municipal Income ETF during the 4th quarter worth $25,000. Spire Wealth Management acquired a new position in shares of Capital Group Municipal Income ETF during the 4th quarter worth $25,000. Transcendent Capital Group LLC acquired a new position in shares of Capital Group Municipal Income ETF during the 3rd quarter worth $32,000. Pinnacle Bancorp Inc. acquired a new position in shares of Capital Group Municipal Income ETF during the 4th quarter worth $35,000. Finally, Creative Financial Designs Inc. ADV grew its stake in shares of Capital Group Municipal Income ETF by 268.9% during the 3rd quarter. Creative Financial Designs Inc. ADV now owns 1,531 shares of the company’s stock worth $42,000 after purchasing an additional 1,116 shares during the period.

Capital Group Municipal Income ETF Stock Up 0.1 %

NYSEARCA:CGMU opened at $27.11 on Thursday. Capital Group Municipal Income ETF has a fifty-two week low of $26.56 and a fifty-two week high of $27.54. The firm’s fifty day simple moving average is $27.00 and its 200-day simple moving average is $27.19.

Capital Group Municipal Income ETF Cuts Dividend

The business also recently declared a dividend, which was paid on Monday, February 3rd. Stockholders of record on Friday, January 31st were paid a dividend of $0.0626 per share. The ex-dividend date of this dividend was Friday, January 31st.

Capital Group Municipal Income ETF Profile

The Capital Group Municipal Income ETF (CGMU) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund is an actively managed portfolio of US municipal bonds of varying maturities, exempt from regular federal income tax. CGMU was launched on Oct 25, 2022 and is managed by Capital Group.